NTUC calls for review of salary ceilings for CPF contributions to help middle-income workers
CPF salary ceilings were last raised six years ago. ST PHOTO: DESMOND WEE
SINGAPORE - The National Trades Union Congress (NTUC) is calling for Central Provident Fund (CPF) contribution salary ceilings to be reviewed to ensure middle-income workers have enough retirement funds in their accounts.
……Read full article on The Straits Times - Singapore
Singapore Employment CPF
One-stop lifestyle app dedicated to making life in Singapore a breeze!
English
简体中文
chickenfeet 20/02/2022
I find that it is a mockery for gahmen to raise CPF contributions but not setting the minimum wage model. Both are increasing costs to the company but the hikes fall into different channel. If you don't want to burden the companies in these bad times, then don't do it at all. A 1% across the board for all senior employees could mean alot for an SME which are companies which mostly engage them.
Reply